PierPass and WCMTOA Implement August 1 TMF Increase

PierPass, a non-profit company that seeks to create greater port efficiency and sustainability, and the West Coast Marine Terminal Operator Agreement (WCMTOA) have announced an increase to the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long

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COSCO Likely to Acquire OOCL for $6.3 Billion

COSCO Shipping has paired with Shanghai International Port Group (SIPG) in a consolidated effort to purchase Orient Overseas International Ltd. (OOIL), the holding company overseeing Orient Overseas Container Line (OOCL). The proposed deal would pay OOIL $10.07 per share, which

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Maersk and APM Terminals Close to Resuming Normal Operations

In its latest press release, Maersk announced that it is nearly recovered from the cyber-attack that left the company’s IT systems in disarray earlier this week. Certain business units and processes are still not fully operational. Here is an outline

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Maersk Booking System and Terminals Slowly Recovering

Though numerous Maersk systems remain offline as a result of Tuesday’s cyber-attack, the company is now accepting bookings from customers who utilize the INTTRA system. Bookings made on INTTRA are likely to take longer than normal to process, but the

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Cyber-Attack Freezes Maersk’s Quoting and Booking Systems

Maersk and APM Terminal operations remain in a critical state as a result of cyber-attack Petya, the virus that has halted operations at nearly ten multinational corporations. In their latest press release, Maersk outlined the following points: Multiple Maersk IT

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Maersk the Latest Victim of Multinational Cyber-Attack

Maersk and its associated APM Terminals are the latest victims of the Petya Virus, a cyber-attack that commenced at daybreak Tuesday, June 27th in the Ukraine and Russia. The virus has already disrupted the operations of six multinational companies and

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Japanese Carriers Merge into ONE, Ocean Network Express

Japan’s three major shipping lines announced plans to merge into a single, consolidated joint venture company; the timing, however, remains in question.  “K” Line, MOL, and NYK Lines intended to establish the Ocean Network Express (ONE) by April of 2018,

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Hapag and UASC Solidify Merger Agreement

Hapag-Lloyd (Hapag) and United Arab Shipping Company (UASC) have agreed to the terms of a merger that is expected to be completed by the end of the 3rd quarter. The merger will combine the 118 services of Hapag and the

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Winter Storm Stella Closes Northeast Ports

Due to blizzard conditions forecast to affect our region, all terminals at the Port of New York and New Jersey will be closed on March 14, 2017.  The port’s Winter Weather Plan will be in effect. The following Port of

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Daggett Says Don’t to ILA Work Stoppages, Seeks Congressional Spotlight

The Journal of Commerce’s 17th Annual Trans-Pacific Maritime (TPM) Conference opening session tensed as Harold Daggett, the International Longshoreman’s Association president, strongly urged its members “not to engage in any work stoppage or any other violations of our current master

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